After a dismal 2021, the Brazilian inventory market started this yr as an early winner, with its efficiency trouncing most main indexes all over the world. Brazil’s Ibovespa is anchored on commodity-producing firms, which have seen share worth soar as costs go up. Elsewhere, increased liquidity and an affordable forex additionally gasoline the present momentum.
Nonetheless, more and more unfavorable home and worldwide situations go away specialists considering that the present optimism may have an expiration date.
Ibovespa ended January 7.33 p.c up, its greatest month-to-month outcome since December 2020 and one thing of a shock, contemplating the index ended 2021 with a…